Dental Insurance Industry poses to grow at 20-25% (y-o-y) by 2025- Will making the treatment affordable and accessible lead to the industry's targeted growth in India?

There is lack of acknowledgement of Importance of Oral Healthcare even when ~85% of the population suffers from Oral problems, says a report by Ken Research.

1. Why is it a right time to launch Standalone Dental Insurance Products in India?

Other Challenges In Feasibility Of Dental Insurance In India:
https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/feasibility-of-dental-insurance-in-india/308535-93.html

Growing number of First-time visitors at Chain Clinics.
Every 2 out of 3 people suffer from oral diseases.
600 Clinics catering 1Mn+ monthly
In past 3-5 years, dentists have started using software for booking appointments, recording patient data, partnering with NBFCs & partnering with insurance providers.

2. Inadequate State of Infrastructure- Opportunity in the Dental Insurance Industry posed by current challenges.Poor availability of well-trained healthcare professionals. 5 PHC workers per 10,000 population.

Interested to Know More about this Report, Request For The Sample Report:
https://www.kenresearch.com/sample-report.php?Frmdetails=MzA4NTM1

Only 1 allopathic doctor/10,926 people and there is a deficit of 600,000 doctors, where as the nurse: patient ratio is 1:483.
India has one of the lowest Insurance penetration of 69% (2019) across the globe.
India lacks in most of the healthcare standards described by WHO and will take at least 2025 to reach those even if the Public & Private sector invests heavily in Health sector.
Private healthcare costs ~4x than public healthcare yet most of the cases are treated by private sector owing to popular perception of private healthcare being better.
Indian government's target of investing 3% of it's GDP to Healthcare by 2025 is much lower than the current global average of 6%.

3. Improvement in Dental Infrastructure led by Private Players.

Visit This link :- Request For Custom Report:
https://www.kenresearch.com/ask-customization.php?Frmdetails=MzA4NTM1

PE investments over $3.4Bn in Indian hospitals between 2007-2017.
PPPs (Public Private Partnerships) in health sector are gaining prominence.
100% FDI in Hospital sector has attracted strong capital inflows >₹34,000 Cr into hospital & diagnostic business through FDI since 2000.
~70%4 of the expenditures in healthcare sector takes place in private hospitals.
Private Hospitals accounted for 82% of outpatients' visits and 58% of inpatient.

Follow Us

Facebook | Twitter | LinkedIn | Instagram

India
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.